Sprint Nextel to Acquire Affiliate iPCS
Today Sprint Nextel and its affiliate iPCS announced that Sprint will buy iPCS for $831 million. As part of the acquisition agreement, both parties have agreed to cease all and any litigation between them (iPCS has sued Sprint for a number of reasons, most often citing breach of contract). The deal also puts a halt to Sprint's planned divestitures of its iDEN network in regions where iPCS operates. The deal is subject to regulatory approval and is expected to close in late 2009 or early 2010.
|Thank God it's over!||Slammer||
|What happens to customers in the iPCS market?||SEM||
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